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CAI, YIFEI - 2016

This paper empirically analyze the nonlinear relation between real output per capital and public debt by employing threshold cointegration method based on ARDL model. Empirical results show that there exists a threshold cointegration relationship between government debt and real output per...

Persistent link: https://www.econbiz.de/10015252732

中国财政政策调整的宏观经济效应——基于消费者异质性的新凯恩斯模型

Guo, Lingyi; Xu, Wenli; Xu, Kun - 2016

This paper construct the NK model with Cosummer’s Heterogenicity included three sectors, in which government is divided into three type of fiscal sector, social security department and central bank. The tax shocks, social security fees rate shock and fiscal expenditure shock are incorporated...

Persistent link: https://www.econbiz.de/10015250614

How to Make The Fiscal policies Greener in China?——Based on The Perspective of Environmental Macroeconomics

Lu, Hongyou; Xu, Wenli; Xu, Kun - 2016

From the perspective of environmental macroeconomics, in addition to environmental equilibrium effected by environmental policies, the fiscal policy have an impact on the environment equilibrium. On this basis, this paper constructs a RBC model with environmental equilibrium, that contains...

Persistent link: https://www.econbiz.de/10015251244

中国财政政策调整的宏观经济效应——基于消费者异质性的新凯恩斯模型

Guo, Lingyi; Xu, Wenli; Xu, Kun - 2016

This paper construct the NK model with Cosummer’s Heterogeneity included three sectors, in which government is divided into three type of fiscal sector, social security department and central bank. The tax shocks, social security fees rate shock and fiscal expenditure shock are incorporated...

Persistent link: https://www.econbiz.de/10015251476

Environmental Policy and China’s Macroeconomic Dynamics Under Uncertainty---Based on The NK Model with Distortionary Taxation

Xu, Wenli; Xu, Kun; Lu, Hongyou - 2016

This paper, by building a New Keynesian dynamic general equilibrium model that combines with distortionary taxation, pollution decision of firms, and environmental quality evolution under uncertainty, analyzes shocks from markets and taxation policies on macro-economy and environmental quality...

Persistent link: https://www.econbiz.de/10015251904

对我国PPI与CPI走势的微观解释——一个基于DSGE模型的分析框架 (Microeconomic Explanation to China’s PPI and CPI Dynamics - An Analytical Framework Based on DSGE Model)...

Li, Wenzhe - 2018

Chinese Abstract: 2012年3月-2016年8月，我国PPI同比涨幅持续为负，CPI涨幅与PPI涨幅间的差值也不断扩大，到2016年下半年两者才重新收敛，这些变化引起了广泛关注。本文从工业品和消费品的生产函数出发，建立动态随机一般均衡（DSGE）模型，试图为这些现象提供一个分析框架和微观解释。模型结果显示，这段时间物价变化的原因主要是大宗商品价格下跌，而不是国内需求不足；CPI涨幅与PPI涨幅差值扩大主要源自工业品和消费品在产品价格粘性和对劳动依赖程度两个方面的不同。 … until 2016. This drew wide attention. From production functions of industrial goods and consumer goods, we developed a DSGE …

Persistent link: https://www.econbiz.de/10012913858

基于DSGE模型的绿色信贷激励政策研究 (China’s Incentive Policies for Green Loan : A DSGE Approach)

Wang, Yao - 2020

The English version of this paper can be found at "http://ssrn.com/abstract=3486211" http://ssrn.com/abstract=3486211.Chinese Abstract:...

Persistent link: https://www.econbiz.de/10012846847

Reviewing Credit and Banking in Contemporary China : A Call to Action

Bußmann, Richard - 2014

English Abstract: The authors review the availability and allocation of commercial credit in China, the investment options presented to savers and the funding options available to Chinese banks. They highlight the markets intrinsic deficiencies, vast externalities and tremendous potentials for...

Persistent link: https://www.econbiz.de/10013057291

股票政策宣告對農產品價格與股票價格的動態影響

Wang, Vey; Lai, Chung-Hui; Hu, Shih-Wen; Cheng, Chia-Hui - 2007

It has been an important issue to analyze the possible impact of macroeconomic effects, such as: exchange rate or interest rate, on the commodity prices since 1970s because of the tremendous volatility of commodity prices on the US. Thereafter, there are a lot of literature in agricultural...

Persistent link: https://www.econbiz.de/10015227041

The Asymmetric Effects of Monetary Policy and Bank Credits in Taiwan Banking Industry - A Dynamic Panel Data Analysis

Chang, Jui-Chuan; Tsong, Ching-Chuan; Wu, Chieh-Tsung - In: Journal of Economics and Management 6 (2010) 2, pp. 229-246

This paper investigates whether distributional effect arising from the impact of monetary policy on bank credits will be different when monetary policy is asymmetric. Methodologically, we use a set of high frequency panel data for Taiwan commercial banks and adopt Arellano and Bond's (1991)...

Persistent link: https://www.econbiz.de/10008492961